'
Senco Gold hosted
a conference call on Feb 14, 2025. In the conference call, the company was
represented by- Suvankar Sen, Managing Director and Chief Executive Officer and
Sanjay Banka, Chief Financial Officer.
Key takeaways of the call
Consumer demand
for gold remained robust throughout Q3 FY25 amid high volatility. Volatility increased
22% YoY and 20% since April 2024.
The company achieved
highest-ever Q3 revenue of Rs 2000 crore and a single-month revenue of Rs 1000
crore during the Dhanteras month, reflecting a robust 22% YoY growth. The
reduction in customs duties during Q2 FY25 rather acted as tailwind for Q3 FY25
sales, especially during Dhanteras and Diwali.
The company
witnessed fall in its EBITDA margin in Q3 FY25 due to custom duty adjustment
and short-term impact of lab-grown diamonds, which temporarily affected the
stud ratio.
In Q3 FY25, stud
...
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